What are the three legs of the "three-legged stool" for retirement systems in Canada? Why do you believe all three "legs" are necessary?

Describe one benefit and one drawback of employer-sponsored pension plans from each of the following perspectives: the government, employees, and employers. Be specific about why it is a benefit or drawback.

What is the principal difference between defined benefit (DB) and defined contribution (DC) pension plans? Use an example to explain this difference.

How do the pros and cons associated with a defined benefit plan vary depending on whether you are the employer or employee?

Explain and discuss the difference between the aims of the regulations established by the provinces (pension standards legislation) and that contained in the Income Tax Act for pension plans.

ABC, Inc. is setting up a pension plan for its employees. There are 50 employees located at the company's headquarters in Toronto, 100 employees at the manufacturing plant near Calgary, and 75 employees at the distribution centre in Halifax. In which jurisdiction should ABC, Inc. register its pension plan? Why?